Montana Llc Rv

Forming a montana llc to own vehicles or any kind of personal property is nothing different than the local handyman pulling up to your home in a work vehicle owned by handyman s service llc and pulling a trailer with tools in it that are all owned by the handyman s llc.

Montana llc rv.

A montana llc is no different than any regular business or corporation. You own the llc outright. The scam works like this. Montana llc form an llc in montana.

Depending on your state s sales tax rate you can legally save 25 000 or more on your purchase. You don t buy the motor home your llc does. Most people go through a law office in order to do this. Rv model cost sales tax 6 849 montana llc savings.

Now few topics in the rv world generate more discussion and heated debate than this one. And there is a lot of misinformation out there. 2020 newell coach p50. So you can set up an llc in montana and purchase the motorhome in the name of the montana llc and register it in montana thereby avoiding paying sales tax in your state of residency.

Your exotic or expensive car or rv is purchased by. Many rv buyers make this work by establishing an llc in montana and registering their rv as a business vehicle. A montana llc is considered a montana resident and like any other resident of montana won t pay a sales tax on any purchase. And georgia won t be happy about missing out on their 21 000 in ad valorem taxes.

You hire a montana law firm to form a corporation or limited liability company llc for you. With all tax issues it s crucial that rv owners find good legal counsel to help them make the right decision. But then you are in violation of georgia law about registering your rv and paying the ad valorem tax. One of the biggest controversies in the rv world these days has to do with the fine line between tax avoidance and tax evasion.

But it s not without risk. I m talking about the practice of setting up an llc business in montana to purchase a motorhome thus avoiding sales and use tax and often stiff registration fees in the owner s home state. Thousands of rv owners around the country do this and dozens of montana legal. So let s say that you are a georgia resident that wants to buy a really expensive rv.

You can setup an llc in montana and avoid georgia sales taxes.